中新社柳州5月29日电 (林馨)在广西柳工机械股份有限公司(下称"柳工")智能化的工厂中，机械臂精准舞 动，自动导向车AGV小车自如穿梭，"海—陆—空"立体物流系统高效运转。日前，来自全球各地嘉宾 走进柳工装载机智能工厂和柳工挖掘机智慧工厂，近距离感受中国智造魅力。 近年来，柳工围绕"智慧""绿色"两大主线，加速电动化、智能化、数字化、无人化技术研发。2024年， 柳工营业收入突破300亿元人民币，海外收入同比大幅增长。今年一季度，公司海外营业收入占比突破 50%。 5月28日至29日，第五届柳工5·28全球客户节在柳州举行。来自全球近百个国家和地区的近千名嘉宾， 感受中国工程机械智能化、绿色化魅力。 本次客户节设8个展区，共110台创新产品(含45款电智产品)亮相，以动态、静态等不同形态展示港口物 流、金属冶炼、起重吊装、道路施工以及矿山开采等五大行业的技术和产品解决方案。 来自南非大型矿业公司的客户代表表示："柳工电动装载机在矿山场景中的作业效率、续航能力，以及 整机响应速度，都证明这是一款成熟且可靠的产品。"在客户节上，柳工展示的换电和混动解决方案， 也让客户对在南非复杂施工环境中的落地应用更有信心。 ...

【导读】山推股份宣布筹划港股IPO，面临国际业务与同业竞争挑战 5月28日，山推股份公告称，公司目前正在筹划境外发行股份（H股）并在香港联交所上市。 开拓全球业务面临多重挑战 中国基金报记者 张舟 公司此次筹划H股上市，是为了深入推进全球化战略，加强与境外资本市场对接，进一步提升公司综合竞争力。 目前，山推股份的挖掘机业务面临同业竞争问题。 2024年12月12日，山推股份宣布收购山重建机有限公司100%股权完成交割。 至此，山推股份与山东重工集团旗下雷沃重工集团有限公司（以下简称雷沃工程机械），在装载机业务层面构成同业竞争。 2024年年报显示，雷沃工程机械生产并销售的装载机产品类型及下游市场，与山推股份销售的装载机产品类型及面向的市场存在一定程 度的重合。 彼时，山东重工集团出具的《关于避免同业竞争的承诺函》显示，自承诺函生效之日起的5年内，解决其下属公司与山推股份存在的同 业竞争问题。 山推股份是国内推土机行业的龙头企业，隶属于山东重工集团有限公司（以下简称山东重工集团），产品覆盖推土机、道路机械、混凝 土机械、装载机、挖掘机等主机系列产品和工程机械底盘件、传动部件、结构件等配套件。 目前，山推股份的全 ...

5月22日，国内工程机械行业龙头企业三一重工向港交所递交了H股发行上市的申请，拟于港交所主板挂 牌上市，中信证券为独家保荐人。 三一重工相关负责人向记者表示， 公司持续推进全球化战略，将扩大全球市场的销售网络、服务网络， 积极开展全球的营销活动；加强研发能力，扩大海外制造能力及优化生产效率 。 三一重工业务主要涵盖挖掘机械、混凝土机械、起重机械、桩工机械及路面机械等工程机械产品的研 发、制造、销售及服务。冲刺港交所上市背后，公司意在推进全球化发展战略，利用香港作为国际金融中心的 优势，为公司拓展海外市场提供动能。 招股书显示，2022年至2024年，三一重工的营业收入分别为808.39亿元、740.19亿元和783.83亿元； 年度利润分别为44.33亿元、46.06亿元和60.93亿元；毛利分别为182.96亿元、195.76亿元和209.03亿元；毛 利率分别为22.6%、26.4%和26.7%，逐年增长。 三一重工表示，公司毛利率维持行业领先水平，原因是公司通过自主研发及战略合作大力构建自主可控 的供应链体系。招股书显示，截至2024年12月31日，三一重工已成立十余家零部件公司，成功研制发动机、 控制 ...

Core Viewpoint - LiuGong is committed to high-quality development through innovation and strategic transformation, focusing on comprehensive solutions, intelligentization, and internationalization to enhance its global competitiveness [10][12][14]. Group 1: Event Overview - The fifth LiuGong Global Customer Festival was held on May 28, 2025, in Liuzhou, Guangxi, attracting nearly a thousand guests from around the world [3][8]. - The event showcased a blend of technology and culture, emphasizing LiuGong's commitment to innovation and customer engagement [3][19]. Group 2: Strategic Goals - LiuGong's new board of directors aims to leverage three key "keys of inheritance": market-oriented genes from mixed reform, top-level design of the "three comprehensive" strategy, and a culture of customer-centricity and innovation [12][14]. - The company plans to enhance its global operational capabilities, with overseas revenue exceeding 45% in 2024 and continuing to grow in 2025 [10][12]. Group 3: Product Innovation - LiuGong launched the new generation T-series electric loader, marking a significant step in its "comprehensive intelligentization" initiative [37][39]. - The T-series electric loader boasts a 70% reduction in annual operating costs, an 8%-12% increase in work efficiency, and a 15% decrease in energy consumption compared to previous models [42]. Group 4: Market Position and Future Outlook - LiuGong has achieved a historical high in revenue, surpassing 30 billion yuan in 2024, with a strong focus on sustainable development and global brand recognition [10][50]. - The company is positioned as a leader in the engineering machinery industry, actively participating in the transition towards high-end, intelligent, and green solutions [16][50].

Core Viewpoint - The global engineering machinery industry is undergoing a significant transformation towards low-carbon and intelligent upgrades, driven by the "dual carbon" goals and the application of new technologies such as artificial intelligence and large models [1] Group 1: Conference Overview - The 2025 New Energy Construction Machinery Conference will be held from June 17 to 19, 2025, in Yantai, focusing on "Green Transformation and Intelligent Upgrade" [3] - The conference aims to gather leaders from the global engineering and agricultural machinery industries to discuss policies, innovative technologies, market demands, and development trends related to new energy and digitalization [1][3] Group 2: Conference Content - Key topics include the current status and trends of green intelligent products in engineering and agricultural machinery, energy transition directions, typical application scenarios of green intelligent machinery, and the adaptation of core components to electric development [5] - Discussions will also cover the transformation paths for traditional component suppliers and solutions for electrifying existing equipment [5] Group 3: Organizers and Participants - The conference is organized by Tianjin Engineering Machinery Research Institute Co., Ltd., and hosted by Yantai Aidi Precision Machinery Co., Ltd. [6] - Notable participating companies include Shandong Port Group, SANY, XCMG, and others, with a focus on green and intelligent solutions [4] Group 4: Registration and Fees - Registration for the conference must be completed by May 30, 2025, with a fee of 1900 RMB per person if paid before the deadline [7] - Discounts are available for multiple attendees from the same organization, and on-site registration will incur a higher fee [7] Group 5: Additional Information - Attendees are responsible for their own accommodation arrangements, with hotel rates provided for those wishing to stay at the conference venue [9] - The conference will feature a series of networking events, including a welcome dinner and site visits [6]

Group 1 - The legal opinion letter is issued by Shanghai Jintiancheng Law Firm regarding the 2024 annual general meeting of Jin Ying Heavy Engineering Machinery Co., Ltd. [1][2] - The law firm confirms that it has conducted necessary verifications and witnessed the entire process of the shareholders' meeting, ensuring the accuracy and legality of the facts and conclusions presented in the legal opinion [2][3] - The meeting was convened by the company's board of directors, with proper notice given at least 20 days prior to the meeting [2][3] Group 2 - The shareholders' meeting took place on May 28, 2025, in Xiangyang City, Hubei Province, with both on-site and online voting options available [3][4] - A total of 111 shareholders and their proxies attended the meeting, representing 404,487,234 shares, which accounts for 75.8413% of the total voting shares [3][5] - The meeting's voting procedures and results were verified, confirming that all attendees had valid qualifications to participate [4][5] Group 3 - The meeting reviewed several proposals, all of which fell within the authority of the shareholders' meeting and were consistent with the agenda provided in the notice [6][7] - The voting results showed that all proposals were approved, with significant support from the attending shareholders [6][8] - The legal opinion concludes that the procedures and results of the shareholders' meeting comply with relevant laws and regulations, affirming the legality and validity of the resolutions passed [8]

Core Viewpoint - Shantui Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and connect with overseas capital markets [1] Group 1: Company Overview - Shantui is a leading player in the construction machinery industry, with a strong brand presence both domestically and internationally [1] - The company’s main products include bulldozers, excavators, road rollers, graders, pavers, milling machines, concrete machinery, and loaders, with bulldozers being its flagship product [1] - Shantui is one of the few manufacturers with a comprehensive product line and widespread market distribution, ranking third after Caterpillar and Komatsu in the bulldozer market [1] Group 2: Financial Performance - In 2024, Shantui achieved a revenue of 14.219 billion yuan, a year-on-year increase of 25.12%, and a net profit of 1.102 billion yuan, up 40.72% [2] - The overseas market has shown significant growth, accounting for over 50% of total revenue, with overseas business income reaching 7.411 billion yuan, a 26.08% increase [2] - The revenue from main products in overseas markets was 6.67 billion yuan, with growth rates of 30% for bulldozers, 30% for excavators, and 11% for both loaders and road machinery [2] Group 3: Market Strategy and Future Goals - Shantui plans to deepen its market presence in Africa, Indonesia, the Middle East, and Southeast Asia, expecting a 30% revenue growth in these regions [3] - The company aims to achieve a revenue target of 15.7 billion yuan in 2025, with overseas income projected at 9 billion yuan [3] - Shantui completed the acquisition of 100% of Shandong Heavy Industry's excavator business for 1.841 billion yuan to enhance profitability and asset scale [3] - The long-term plan includes increasing the revenue share of excavators to 50% by 2027-2028, surpassing that of bulldozers [3]

Core Viewpoint - The company is focused on maintaining stability in its board and management while pursuing growth through a comprehensive internationalization and intelligent solutions strategy, alongside a new "15-5" strategic plan aimed at enhancing its market position and operational efficiency [2][3]. Group 1: Company Strategy and Governance - The new board and management will continue to implement the company's budget goals and strategic initiatives, emphasizing internationalization and intelligent solutions [2]. - The company plans to deepen its market-oriented mechanisms and internal governance, supported by the actual controller and major shareholder, to enhance operational flexibility and innovation [2]. Group 2: Industry Trends and Demand - The excavator market is transitioning to a rational growth phase, with domestic demand expected to remain stable despite a slowdown in the real estate sector, driven by government initiatives in urban renewal and infrastructure projects [3]. - The loader industry has seen a sudden increase in domestic sales due to accelerated investments in agriculture and infrastructure, with demand expected to remain steady [4]. Group 3: Competitive Landscape - The company is facing intense price competition in the electric loader segment but is committed to sustainable practices and enhancing customer experience through value-added services [5]. - The company is focusing on building a competitive advantage through smart manufacturing and high self-manufacturing rates of components [5]. Group 4: International Business Performance - The company's overseas business has shown steady growth despite a global market slowdown, with a focus on emerging markets and ongoing expansion in developed regions [6]. - The long-term goal is to establish the company as a trusted global brand with high-value products and services [6]. Group 5: Financial Performance - In Q1 2025, the company reported a revenue of 9.149 billion yuan, a year-on-year increase of 15.24%, and a net profit of 657 million yuan, up 32.0% year-on-year [7]. - The company's gross margin stands at 22.01%, indicating improved profitability [7]. Group 6: Market Outlook - The company anticipates a stable positive growth in domestic earthmoving equipment demand for the second half of the year, with expectations of maintaining a double-digit growth rate for the full year [3].

Governance and Management - The new board structure is stable, maintaining the company's governance mechanisms without changes, emphasizing standardized management and market-oriented decision-making [2][3] - The annual performance targets remain unchanged, with strategic goals for 2027 being progressively advanced [2][3] - The new management team is a blend of experienced and energetic members, fostering a collaborative and cohesive environment [3] Strategic Development - The company is committed to a strategy of "comprehensive internationalization, comprehensive intelligence, and comprehensive solutions," aiming for business growth and quality improvement [4] - The "15-5" strategic plan is being developed to enhance growth across various sectors, including engineering machinery and emerging markets [4] - The company plans to leverage measures such as performance growth, share buybacks, and high cash dividends to enhance investor returns [3] Market Performance and Trends - The domestic excavator sales have outpaced industry growth, with an expected double-digit growth rate for the year [7] - The demand for loaders has surged due to increased investment in agricultural water conservancy projects and major infrastructure [8] - Despite a slowdown in the real estate market, demand is anticipated to stabilize due to government initiatives in urban renewal and infrastructure projects [7] International Business Outlook - The overseas business has shown steady growth, particularly in emerging markets, despite a general decline in global demand [10] - The company aims to enhance its position in emerging regions while expanding its operations in Europe and North America [10] Mining Equipment Development - The company offers a comprehensive range of mining products and plans to focus on large and super-large tonnage equipment, as well as smart and green mining solutions [12] - Future strategies include global development and targeted customer engagement in both domestic and international markets [12]

Core Viewpoint - The company plans to repurchase shares for cancellation and to reduce registered capital, aiming to enhance investor confidence and improve its market image [1][2]. Group 1: Share Repurchase and Cancellation - The company has approved a plan to repurchase shares using its own funds through the secondary market, which will be used for cancellation and reduction of registered capital [1][2]. - The repurchased shares will be canceled within ten days after the completion of the buyback [1]. - The company will notify creditors regarding the share repurchase and cancellation, allowing them to claim debts within specified timeframes [3][4]. Group 2: Performance Commitment Compensation - The company has agreed to repurchase 743,331 shares from Xuzhou Engineering Machinery Group Co., Ltd. at a total price of RMB 1.00 due to unmet performance commitments [2]. - This repurchase is part of the company's broader strategy to manage performance-related obligations and ensure compliance with commitments made during the merger [2].